Lloyd’s Lab has announced 12 companies shortlisted for more support and development within its Reinsurance Accelerator unit.
They include KASKO, a software as a service platform that’s been regularly covered here on IE magazine. Skyline Partners offers Gap insurance in the agricultural sector and where there are extreme weather events there will always be a need for crop, livestock and equipment insurance.
Parametrix creates parametric (index-based) insurance for external service downtime such as cloud outages, network crashes, and platform failures. Its products help to close the protection gap in business interruption.
Kovrrins looks at cyber threats and how they can continually evolve and threaten businesses in different ways. Boxxinsurance is a Canadian-based, global MGA, is making it easy for businesses and families to protect themselves from cyber threats by interlocking insurance, big data and technology. Opalitix is an AI sortware specialist, which lets insurers turn a desktop product into an API seamlessly.
Koffie Labs is an insurance company purpose-built for the next generation of transportation. It uses vehicle-specific artificial intelligence models to redefine underwriting, pricing, and loss control and incentivise the adoption of advanced safety technology.
Orca AI brings technology into the maritime world with the mission to enhance the safety and efficiency of ship operations. It combines data and deep learning to provide a powerful awareness system and smart alarms. Sille.Space uses satellite imagery to check on infrastructure and risks such as subsidence detection and monitoring.
Loadsure is looking to disrupt the freight spot market, which is very topical right now for obvious reasons. Artificial Labs said they were delighted to make it through to round four in the Lloyd’s Lab accelerator programme. The Artificial platform allows insurers to select and sift data from a variety of sources.